If both took 4 hours for a race, LS's corrected time would be 157.2 mins
Gloucester (folding) schooners would be 166.8 mins
and LS would win on h/cap as slower boat.

So I guess it's official, FS is faster. See next post from me....

To confuse the issue totally, however, the Goolwa Regatta Club has
shunted the LS in with cruising boats and the FS in with racing
dinghies, labelled Bolger 30, with a yardstick of 0.999 which is not
the same as the CBH although it's applied to elapsed time in the same
manner. Attempting comparison, the Bosun Dinghy used by Sea Scouts
worldwide has a benchmark of 0.667 (slower than the proverbial), a
Drascombe Lugger 0.550, Flying Dutchman 1.053, 18 ft skiff (Grand Prix
racing) 1.136.
Says something for the fear of Bolger schooners now instilled in the
conventional boat world, doesn't it? ;-)